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Saudi Prime Trading Advice (A) | 30-Dec-2024 | Expected Gain 6%-8%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   BAWAN (TADAWUL: 1302)

Tadawul 1302 : BAWAN - STOCK RECOMMENDATION

Idea BUY
Buy Range 54 – 55.5
Target 58.5 – 60
StopLoss* below 52.5
Duration 12-14 Trading Days
Potential Returns 6% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 54 – 55.5 58.5 – 60 below 52.5 12-14 Trading Days 6% – 8%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 1302 : BAWAN - STOCK OVERVIEW

Bawan Company produces and sells metal and steel products in Saudi Arabia. It operates through several segments: Metal and Wood, Plastic, Electrical, and Others. The Metal and Wood segment manufactures wooden pallets, plywood, coated boards, platforms, bowls, boxes, and steel buildings. It also offers general contracting services, including repair, demolition, and construction of various facilities, along with maintenance and installation of electrical systems. The Plastic segment creates polystyrene foam plates, packaging materials, and various types of polyvinyl chloride sheets, as well as PET containers and bottles. The Electrical segment focuses on wholesale and retail of transformers, stabilizers, chargers, and related equipment, along with import/export and logistics services. Established in 1980, Bawan Company is based in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 1302
Sectoral Index Capital Goods
52 Weeks High 59
52 Weeks Low 37.35

Tadawul 1302 : BAWAN - RELATIVE STRENGTH

TADAWUL 1302 - BAWAN - RELATIVE STRENGTH

Relative Performance - Last 1 Year

BAWAN —     TASI —

Tadawul 1302 : BAWAN - TECHNICAL ANALYSIS (DAILY)

TADAWUL 1302 - BAWAN - DAILY TECHNICAL ANALYSIS
Tadawul 1302 : BAWAN - Technical Analysis (Daily)
  • The stock had been experiencing a downward trend and formed a Descending Broadening Wedge pattern.
  • Additionally, an Inverted Head & Shoulders pattern was identified, suggesting a possible reversal in the trend.
  • After breaking out, the stock price pulled back to the breakout level, and following a successful retest, it is now on an upward trajectory.

Tadawul 1302 : BAWAN - RSI

TADAWUL 1302 - BAWAN - RSI
Tadawul 1302 : BAWAN - RSI
  • Current RSI of this stock is 66.48, which indicates the strength of buyers.

Tadawul 1302 : BAWAN - EMA Cross

Tadawul 1302 : BAWAN - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Tadawul 1302 : BAWAN - ADX & DI

TADAWUL 1302 - BAWAN - ADX & DI
Tadawul 1302 : BAWAN - ADX & DI
  • Current RSI of this stock is 66.48, which indicates the strength of buyers.

CONCLUSION - Tadawul 1302 : BAWAN STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, BAWAN stock price target will be SAR 58.5 – SAR 60 in the next 12-14 trading sessions.

Tadawul 1302 : BAWAN - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุจูˆุงู† by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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